Sobha is planning to focus on selling housing units worth Rs 11,000 crore in ongoing projects over the next few years, and will be cautious in launching new projects amid the COVID-19 pandemic. The company would evaluate any joint venture or development management opportunities to add more projects in its portfolio with minimal investment.
The company's sales bookings would improve in the remaining three quarters of 2020-21 fiscal year from Rs 488 crore achieved during April-June despite over two months of lockdown. In the last fiscal, the company had clocked record sales bookings of Rs 2,880 crore.
Sobha is one of the fastest growing and foremost backward integrated real estate players in the country. It primarily focuses on residential and contractual projects.
Company Name | CMP |
---|---|
Dilip Buildcon | 461.90 |
Macrotech Developers | 1213.30 |
NBCC (India) | 132.25 |
Prestige EstatesProj | 1307.10 |
DLF | 895.55 |
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